- Mobile site
- E-Newsletters
-
- News feed
- Find us on Twitter
@yorkpress
Follow us on Twitter
- Find us on Facebook
The Press, York
Like us on Facebook
Tax avoidance tactics (From York Press)
Get in touch: send your photos, videos, news & views by texting YORK to 80360 or send an email»
Tax avoidance tactics
8:17am Thursday 6th December 2012 in Letters By Reader's letter
PEOPLE who publicly vilify multinationals for tax avoidance clearly do not understand the concept of raising state revenue.
It is the duty of joint stock companies to reduce their tax bill in the interests of shareholders and customers. There is no ‘moral’ dynamic in either the raising or paying of taxation. We cannot have some sort of committee making subjective decisions on what they feel a company should pay.
There is either tax law or not. Avoidance is both legal and moral. Evasion is illegal. Politicians can huff and puff, but there is no way around this.
If I ran a multinational in a country which tried a system not commensurate with its own law I would cease to trade in that jurisdiction.
Indeed I would have no option.
Godfrey Bloom, UKIP MEP for Yorkshire and North Lincolnshire.
Comments(4)
The Great Buda
says...
10:18am Thu 6 Dec 12
far2bizzy
says...
10:48am Thu 6 Dec 12
It is the case that certain forms of tax avoidance are looked upon as immoral. If a company’s profits were to be affected by the impression that it was operating immorally then it would not be acting in the best interests of its shareholders.
Sillybillies
says...
3:31pm Fri 7 Dec 12
inthesticks says...
9:22am Thu 6 Dec 12
I think that companies who are making millions or billions in profit, to give to their shareholders but are then avoiding paying appropriately into our tax system are immoral - because the employees (and probably a lot of the shareholders) they have, have been educated using our tax system, they use the NHS when needed and use our police force and all other services which taxes pay for. If there was a fraud discovered in the company, they would call the police, paid for by the taxpayer. The company uses the roads etc to transport it`s goods, etc.
So it`s OK for the workers to have no choice to pay tax to use this system but the company can exploit loopholes that are not available to workers to avoid income tax?
I don`t know how the law could be amended but if it can it should be, but the shaming of companies who will then see a drop in profits seems to have worked so maybe we will keep going down that route. Hit the shareholders and they will suddenly find their `morals`.